AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT

EX-10.8 5 c87079a4exv10w8.txt AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT EXHIBIT 10.8 AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT AMENDMENT NO. 1 TO NOTE PURCHASE AGREEMENT ("Amendment") effective as of October 15, 2004 (the "Effective Date") by and among CALAMOS HOLDINGS, INC., a Delaware corporation (the "Company"), and the purchasers listed in Schedule A hereto (the "Purchasers"). RECITALS WHEREAS the Company and the Purchasers have entered into an Note Purchase Agreement dated as of April 29, 2004 (such Note Purchase Agreement, as amended from time to time, the "Note Purchase Agreement"); and WHEREAS the Company desires to amend the Note Purchase Agreement as provided herein. NOW, THEREFORE, in consideration of the material promises and agreements herein made and intending to be legally bound, the parties hereto hereby agree as follows: All capitalized terms used herein and not defined herein shall have the meaning specified in the Note Purchase Agreement. 1. Amendment. Section 10.8(a) of the Note Purchase Agreement is amended by replacing the word "corporation" with the words "corporation or limited liability company" wherever it appears in that section. The text of Section 10.8(a) prior to the amendment and subsequent to the amendment is attached as Exhibit A hereto. 2. Effectiveness. Pursuant to Section 17.1 of the Note Purchase Agreement, this Amendment shall be effective upon its execution by the Company and the Required Holders. Upon such execution, this Amendment shall be deemed effective, and the Note Purchase Agreement shall be deemed amended as herein provided, as of the Effective Date. 3. Ratification. Except as amended hereby, the Note Purchase Agreement is ratified and confirmed and shall continue in full force and effect. 4. Governing Law. This Amendment to the Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would require the application of the laws of a jurisdiction other than such State. 5. Counterparts. This amendment may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. 1 In witness whereof, the parties hereto have executed this Amendment as of the Effective Date. CALAMOS HOLDINGS, INC. By: /s/ James S. Hamman, Jr. Name: James S. Hamman, Jr. Title: Executive Vice President, General Counsel and Secretary 2 ALLSTATE LIFE INSURANCE COMPANY By: /s/ Jeffrey J. Cannon Name: Jeffrey J. Cannon By: /s/ Jerry D. Zinkula Name: Jerry D. Zinkula Authorized Signatories ALLSTATE INSURANCE COMPANY By: /s/ Jeffrey J. Cannon Name: Jeffrey J. Cannon By: /s/ Jerry D. Zinkula Name: Jerry D. Zinkula Authorized Signatories 3 THE TRAVELERS INSURANCE COMPANY By: /s/ Matthew J. McInerny Name: Matthew J. McInerny Title: Investment Officer CITICORP INSURANCE AND INVESTMENT TRUST, BY TRAVELERS ASSET MANAGEMENT INTERNATIONAL COMPANY, LLC By: /s/ Matthew J. McInerny Name: Matthew J. McInerny Title: Investment Officer PRIMERICA LIFE INSURANCE COMPANY By: /s/ Matthew J. Inerny Name: Matthew J. Inerny Title: Investment Officer THE TRAVELERS LIFE AND ANNUITY COMPANY (ON BEHALF OF ONE OF ITS SEPARATE ACCOUNTS) By: /s/ Matthew J. Inerny Name: Matthew J. Inerny Title: Investment Officer THE TRAVELERS INSURANCE COMPANY (ON BEHALF OF ONE OF ITS SEPARATE ACCOUNTS) By: /s/ Matthew J. Inerny Name: Matthew J. Inerny Title: Investment Officer 4 THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY By: /s/ Mark E. Kishler Name: Mark E. Kishler Title: Its Authorized Representative 5 TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA By: Angela Brock-Kyle Name: Angela Brock-Kyle Title: Managing Director 6 MIDLAND NATIONAL LIFE INSURANCE COMPANY By: /s/ Adrian Duff Name: Adrian Duff Title: Managing Director 7 THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA By: /s/ Ellen I. Whittaker Name: Ellen I. Whittaker Title: Director, Fixed Income THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. By: /s/ Ellen I. Whittaker Name: Ellen I. Whittaker Title: Director, Fixed Income FORT DEARBORN LIFE INSURANCE COMPANY By: Guardian Investor Services LLC By: /s/ Ellen I. Whittaker Name: Ellen I. Whittaker Title: Director, Fixed Income 8 THE OHIO NATIONAL LIFE INSURANCE COMPANY By: /s/ Jed R. Martin Name: Jed R. Martin Title: Investment Vice President Private Placements 9 Exhibit A Unamended Section 10.8(a): 10.8 Merger, Consolidation, etc. The Company will not consolidate with or merge with any other corporation or convey, transfer or lease substantially all of its assets in a single transaction or series of transactions to any Person unless: (a) the successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance, transfer or lease substantially all of the assets of the Company as an entirety, as the case may be, shall be a solvent corporation organized and existing under the laws of the United States or any State thereof (including the District of Columbia), and, if the Company is not such corporation, (i) such corporation shall have executed and delivered to each holder of any Notes its assumption of the due and punctual performance and observance of each covenant and condition of this Agreement and the Notes and (ii) shall have caused to be delivered to each holder of any Notes an opinion of nationally recognized independent counsel, or other independent counsel reasonably satisfactory to the Required Holders, to the effect that all agreements or instruments effecting such assumption are enforceable in accordance with their terms and comply with the terms hereof; Amended Section 10.8(a): 10.8 Merger, Consolidation, etc. The Company will not consolidate with or merge with any other corporation or limited liability company or convey, transfer or lease substantially all of its assets in a single transaction or series of transactions to any Person unless: (a) the successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance, transfer or lease substantially all of the assets of the Company as an entirety, as the case may be, shall be a solvent corporation or limited liability company organized and existing under the laws of the United States or any State thereof (including the District of Columbia), and, if the Company is not such corporation or limited liability company, (i) such corporation or limited liability company shall have executed and delivered to each holder of any Notes its assumption of the due and punctual performance and observance of each covenant and condition of this Agreement and the Notes and (ii) shall have caused to be delivered to each holder of any Notes an opinion of nationally recognized independent counsel, or other independent counsel reasonably satisfactory to the Required Holders, to the effect that all agreements or instruments effecting such assumption are enforceable in accordance with their terms and comply with the terms hereof; 10 SCHEDULE A